RAISING OF FINANCE BY DEVELOPER Sample Clauses

RAISING OF FINANCE BY DEVELOPER. The Developer shall have the right to raise finance and/or loan from any financial institution and/or bank and for that purpose create mortgage, charge on the Land and/or securitization of the receivables however the Developer shall not mortgage or create a charge on the Apartment after execution of this Agreement and if any such mortgage or charge is made or created then notwithstanding anything contained in any other law for the time being in force, such mortgage or charge shall not affect the right and interest of the Allottee who has taken or agreed to take such Apartment.
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RAISING OF FINANCE BY DEVELOPER. The Purchaser understands and acknowledges that the said Property has been mortgaged by the Developer to for securing the Loan availed by the Developer for the purpose of construction of the Complex on the said Property and the Purchasers takes notice that he/she/they is/are required to obtain a No Objection Certificate from for creation of any encumbrances on the said Property. The Allotees agrees and undertakes that he/she/they shall not create any encumbrances over the said Designated unit till such time an NOC in writing is received from .
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RAISING OF FINANCE BY DEVELOPER. It is expressly declared and confirmed that in case of the Developer raising and obtaining any finance or loan from the banks, financial institutions or from other sources against the said Project, such finance or loan in respect of the said Unit(s) shall be liquidated by the Developer prior to delivery of possession of the Unit(s) in favor of the Purchaser on full payment of the Consideration Amount and other payments by the Purchaser in terms of these presents and this shall be treated as the express consent of the Purchaser in favor of the Developer.
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